60 million sockeye available for harvest in the 2022 season. That's about double the long-term average and more than 40% higher than the average of th

Peter Pan posts $1/lb base price for Bristol Bay sockeyes

The following is an excerpt from an article published by AlaskaFishRadio:

For the second year, Peter Pan Seafoods is the first to give an advance salmon price before fishing begins.

Once again, Peter Pan Seafoods is the first to post a sockeye salmon price at Bristol Bay. The company also was the first price poster last year, setting a precedent for giving advance notice to fishermen before they wet their nets.

“We did that out of respect for our partners, the fishermen. And just like in 2021, this is a starting point for us. We want to evaluate the fishery as it goes along and we’ll make adjustments to that price as the season progresses", company manager Travis Roenfanz told KDLG in Dillingham.

This year’s $1.00 base price is just under the average of $1.04 for the past 12 years and it is lower than 2021, when Peter Pan set the initial price at $1.10 and then bumped it up to $1.25 in July.

Roenfanz said the company knew this year’s base wouldn’t be that popular. But officials still wanted to announce the price early. Before last year, fishermen generally didn’t know the minimum payment for their fish until well into the season.

“We wanted the fishermen to have security that it’s not going to be less than a dollar. We anticipate seeing it ratchet up. And so we’re calling it an initial base price,” Roenfanz said.

Inflation, high labor costs, supply chain issues deflate fish prices

Bristol Bay is forecast to see over 70 million sockeye salmon return to the bay this season, with an estimated 60 million fish available to harvest. That’s about double the long-term average, and it’s more than 40% above average for the last decade.

Mat Serf, a set netter in the Nushagak district who fishes for Peter Pan, said the $1.00 base is a bit deflating. Still, he hopes the company will raise the price this season.(continues...)

Author/Source:  Laine Welch/AlaskaFishNews | Read the full article by clicking the link here

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